April 2013

Step Your Game Up With Internet Merchant Accounts from VPS

While accepting credit cards is a great way to increase your revenue as well as improve your cash flow, there are several other benefits to Internet Merchant Accounts from Vision Payments as well.

Improved Automation for your Business

With internet merchant accounts, the sky is the limit in terms of how you can automate your entire payment process online.  With online merchant accounts you can quickly automate approval of payments and automatically send email receipts to customers and other departments to process the order.  If able, you can also incorporate your payment system into your entire supply chain to automate even more aspects of your order fulfillment process.  This can result in reduced labor costs and increased efficiency across your entire company.

Increased Security with Internet Merchant Accounts

Using an online merchant account allows you to securely accept credit cards.  No longer are you manually writing down a credit card number from someone who is phoning in an order.  With a merchant account online, your customers enter their information and it is stored on a secure server and transmitted securely as well.  This can significantly cut down on identity theft.  There are laws now which make it illegal to transmit credit card information insecurely so you really do need to keep this in mind when you are handling credit card information.  It is best to leave it up to the professionals who handle this type of data everyday.  Many of the leading providers of Internet Merchant Accounts offer robust security measures which prevent you from having to store any of your customer’s credit card information.

There are many different reasons why it makes sense to accept credit cards when doing business online.  Do your research before signing up for a merchant account to ensure that you are paying reasonable rates and receiving quality customer service from the provider that you choose to handle your credit card transactions.

To start your business with an internet merchant account, contact the experts at Vision Payment Solutions today!

 

Types of Businesses That Can Benefit From A Small Business Merchant Account

As a small business owner, it is important to look for ways to grow your business at all times.  You want to make purchasing your products or services as easy as possible for new customers.  One way to do this is by opening a small business merchant account.  There are many different types of businesses that can benefit greatly from a merchant card account from Vision Payment Solutions.  A few of these businesses are outlined below:

 

Online Businesses

Accepting credit cards for an online business is absolutely crucial.  In today’s fast paced economy, people are much more willing to pay for goods and services online by credit card.  With a small business merchant account you can accept credit cards online with ease.  Studies have shown that people are likely to spend more when using a credit card which makes accepting them online a complete no-brainer.

 

Companies Offering High Ticket Items

If your company’s products and services are expensive, credit cards are a great option.  Customers are much more willing to put a big ticket item on a credit card as opposed to paying cash.  Consumers would much rather pay for an item over time as opposed to all at once.  This is why it is immensely important for you to accept credit cards if your product line is high end.

 

Service Businesses

Whether you are an air conditioning repair company or a hair salon, service businesses can benefit greatly from accepting credit cards.  With a small business merchant account you can easily process payments while in the field to improve your cash flow.  Getting paid at the time of service can be a great benefit especially when you are just starting out as a small business owner.

 

No matter what type of small business you own, you will undoubtedly benefit greatly from accepting credit cards.  While there are small fees associated with accepting credit cards, the benefits far outweigh the cost of this service.

If you are interested in setting up a small business merchant account, contact Vision Payment Solutions today!

 

 

What Exactly is A High Risk Merchant Account?

If you do business online you may have heard the term, “high risk merchant account” being used from time to time.  This type of merchant account is necessary for businesses who provide goods and services that some banks designate as high risk.  Some of the common high risk businesses include online gambling, adult websites, online dating and some software sales companies.  If you are involved in one of these industries, you should keep the following in mind when applying for a high risk merchant account.

Watch out for high fees

With these types of merchant accounts that some deem high risk, it is very important to watch out for high fees.  Shop around and do a merchant account comparison to determine which provider can offer you the best rate.  Rates may vary significantly from provider to provider, so it is very important to inquire about rates from multiple providers.  At Vision Payment Solutions, we offer very competitive rates. While you may pay a bit more than a traditional type of business, you should not be taken advantage of based on the type of business that you own.

Necessary if you operate off shore

If your business is operating off shore, you may need to apply for a high risk merchant account if you decide to accept credit cards.  While this is not always the case, it is important to research the need for this type of account before you decide to operate off shore.  These types of fees can be significant so you need to make sure that you have all the necessary information before deciding to accept credit cards.

Before you decide to apply for this type of merchant account, it is important to make sure that you could not be approved for a traditional merchant account.  If you are able to obtain a traditional merchant account your rates will be lower, but this may not be an option for you depending on your type of business as well as your credit standing. Vision Payment Solutions can help you with any questions you may have regarding high risk merchant accounts.

Please contact us today!

Beware of These Factors When Applying for Merchant Account Credit Cards

If you have recently started your own business, one of the first things that you will realize is that you will need to accept credit cards if you want to survive in almost any industry.  Before you jump in to accepting credit cards, do your homework because with a merchant account, credit cards can be accepted but fees vary widely in the industry.  As the leader in merchant accounts, Vision Payment Solutions knows all the gimmicks in the industry. Keep the following in mind when shopping for credit card merchant services.

 

Beware of High Rates

As you know with a merchant account, credit cards can be accepted at your place of business.  While this sounds great, you need to compare fees across various providers.  Some providers may offer a lower rate, but a much higher monthly minimum.  Others may offer a higher rate, but a lower monthly minimum.  You need to consider all of these factors when signing up for a merchant account credit card online. We offer the most competitive rates in the industry.

 

Beware of Teaser Promotions

Some merchant account providers may claim that they offer rates which seem too good to be true.  If so, these are likely teaser rates which will expire and leave you paying high rates for the remainder of the contract.  Always ask for a printout of the terms of the agreement and read all of the fine print.  Providers typically hide these specifics in very small print somewhere towards the end of the contract.

 

Avoid Long Term Contracts

It is best to avoid long, multi-year contracts if at all possible when searching for a merchant account online.  Even if you are just starting out, it may make more sense to pay a higher rate to avoid a long term contract.  With the business climate as volatile as it currently is, you should protect yourself if at all possible from long term commitments.

 

If you follow the steps outlined by the experts from Vision Payment Solutions, you will have a merchant account setup in no time and it will not cost you an arm and a leg!

Contact us today at (877) 674-2286 to get your merchant account set up!

How An Online Credit Card Merchant Account from VPS Can Revolutionize Your Business

Let’s face it, the Internet is a revolutionary tool that has helped many stagnant businesses revamp their entire strategy to increase profits and efficiencies.  The Internet allows small businesses to compete with huge corporations due to the relatively small investment that is required to launch a website online.  While large corporations have much deeper pockets than small businesses, there are countless stories of small business owners developing an idea online and making a fortune.  If you are selling products or services on the web, an online credit card merchant account is an absolute must.  With a merchant account, credit card payments can be handled with ease directly on your web site.  At Vision Payment Solutions, we are completely dedicated to ensuring that no matter the size of your business, your online credit card merchant account will be beneficial to you. There are several reasons why it is so important to accept credit cards when doing business online.

 

Credit Cards Help Increase Impulse Purchases

When you have an online credit card merchant account, you can allow customers to purchase your products or services instantly.  If you can convince them that what you are offering will help them, you can almost guarantee that they will make a purchase online.  If you do not accept credit cards and force your customers to mail you a check, they will typically change their mind before mailing payment.

 

Credit Cards Are More Secure Than Checks

Some people may not realize this, but you are much more likely to have your checking account compromised than your credit card account.  On top of that, credit card companies have entire teams of people whose primary job is to help you when you have been a victim of identity theft.  If a criminal uses a credit card for a fraudulent purchase you will not be responsible.  The same can not always be said when your bank account is compromised.  It is wise to use an actual credit card and not a debit card when purchasing items online.  You are more protected when using a credit card than when using a debit card.

 

As you can see, an online credit card merchant account can do nothing but good for your business.  Accepting credit cards is quick and easy as long as you pick a merchant that has experience and great customer service. If you have any questions about how a credit card can help your business, contact Vision Payment Solutions at (877) 674-2286!